The car I wanted in 2017 was not the car I could afford, but it was the one my pride said I needed. I’m learning that a few years later.
In May 2017 I had the privilege of getting to replace my vw turbo. How lucky of me. Right at 65,000 miles it needed to be replaced…apparently something normal for VW. Something I was NOT warned about at my 60,000 checkup.
The replacement cost me over $4,000. That’s after 4 brand new tires, a windshield and a 60,000 checkup in March. Needless to say, that first half was very very expensive.
So after getting the turbo replaced, I sold the car and upgrade to an Acura RDX & a lease. A car I really couldn’t afford, but a car that I knew was nice, that my friends and family would think was nice, and a car that honesty id been eyeing for years.
10 months later I was at Honda begging them to buy my Acura and put me in something cheaper. They happily did, and into another lease. See, I didn’t have any savings. I had a lot of debt, so there was no money for a down payment.
Now it’s June 2019. My husband is realizing that a lease is essentially a long rental and the HR-V that I got will not work in Colorado when we move in the future. Which means we’ll be selling the HR-V to get me into something different that can handle more than sprinkling rain. (LOL but seriously)
Looking back my pride was such a big issue. I could have gotten something way less nice for a payment I could afford without a lease but didn’t want to. So much learning has been happening, and will continue to do so. It’s neat watching God break me down to build me back up.
My advice. Look HARD before making a big purchase. Check your heart. Did you walk into Acura because you can really truly afford it and do want it, or because it’s something your friends will compliment? My reason was definitely not the first. Also look hard before deciding to sign a lease. You do not get to keep the car at the end. You make all the payments and then give it back. Renting an apartment sucks because you’re putting money into an investment for someone else, a lease works the same way.
Buy the car you can afford. Pay cash if possible. If you can’t pay cash, make sure you truly can afford the payments. Do a lot of research before signing a lease. Check for the best sales and haggle!! Even though you can’t at CarMax, you can everywhere else!!